Tour operator TUI is expecting a $225 million once off impact on its earnings due to the grounding of the Boeing 737 MAX.
TUI has 15 MAX jets that are affected by the grounding and are expecting to receive another 8 of this type by the end of May 2019. They have however, put a contingency plan in place by activating spare aircraft within the fleet and by leasing-in additional aircraft to secure their capacity for the Easter holidays.

South Korean carrier Asiana Airlines has announced that it may sell assets, cut routes and may get rid of aircraft from its fleet to overcome financial difficulties. Co-chief executive Han Chang-soo says in a letter to the airline’s employees that a task force has been appointed to oversee the company’s restructuring process. The selling of Asiana's assets will help to boost its short-term liquidity, and help support its credit rating. No further details regarding route and aircraft cuts have been mentioned.

Icelandic budget carrier Wow Air has ceased operations and cancelled all flights, hours after suspending services while it attempted a last-ditch financial rescue.
The struggling carrier had been trying to arrange a debt-to-equity conversion with bondholders after talks with potential investment partners collapsed.
But the airline, which had called a temporary halt to flights on 28 March, states that it has now “ceased operation”.